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Economic Dialogue with the President of the Eurogroup
ECON on 19 February 2025 - Paschal Donohoe is attending his seventh Economic Dialogue in the ECON Committee since being elected as President of the Eurogroup in July 2020 and the first one during the 10th parliamentary term. His previous Economic Dialogue took place on 29 June 2023. This briefing covers the following issues: latest economic developments (Section 1); the 2025 Euro Area Recommendation (Section 2); Transparency of the work of the Eurogroup (Section 3) and Completing the EMU, with a ...
Economic Dialogue with the President of the ECOFIN - 19 February 2025
Andrzej Domański, Minister of Finance of Poland, is participating in the ECON Committee in his capacity of President of the ECOFIN Council during the Polish Presidency January - June 2025). In accordance with the Treaty of the Union, “Member States shall regard their economic policies as a matter of common concern and shall coordinate them within the Council”.
Assessing the Debt Sustainability Analysis Methodology in the EU’s New Economic Governance Framework
This in-depth analysis reviews the Debt Sustainability Analysis (DSA) that guides the implementation of the new Economic Governance Framework. It evaluates the adequacy of the methodology, with a focus on the changes introduced in the DSA to make it fit for the multi-annual character of the framework. While the DSA is not far from the state-of-art, the way the framework handles uncertainty is suboptimal. The study notes a few other areas where the analysis could be improved, namely potential output ...
Recovery and Resilience Facility: State of play and way forward - European Implementation Assessment
This paper has been drafted to assist the European Parliament's Committees on Economic and Monetary Affairs (ECON) and on Budgets (BUDG) in the context of their work on an implementation report on the Recovery and Resilience Facility. Based on publicly available information, it provides a literature review of EU reports and academic papers on the state of play of the implementation of the Recovery and Resilience Facility. It also summarises the main topics of recent parliamentary resolutions and ...
Recovery and Resilience Plans and the involvement of stakeholders
This paper presents the latest findings and developments related to the Recovery and Resilience Facility (RRF), with a particular focus on stakeholder assessments of its structure, implementation and the economic impact. It summarises the perspectives of stakeholders at the EU, national, regional, and local levels concerning the National Recovery and Resilience Plans (RRPs). Notably, the paper compiles recent opinions and evaluations from EU stakeholders, as well as relevant institutions and bodies ...
Recovery and Resilience Dialogue with the European Commission 10 February 2025
Executive Vice-President Fitto and Commissioner Dombrovskis are invited to the 17th Recovery and Resilience Dialogue (RRD) under the Recovery and Resilience Facility (RRF) Regulation, scheduled for 10 February 2025. The previous RRD took place on 16 September 2024.
Fishing outside the European Union: The external dimension of the common fisheries policy
The external dimension of the EU's common fisheries policy provides a framework for the activities of EU vessels fishing beyond European waters and is structured around two types of arrangement: multilateral agreements for fishing on the high seas, and bilateral agreements with third countries for fishing in areas under their jurisdiction. This analysis reviews the main aspects of the external dimension and its evolution over time.
Economic Dialogue with the European Commission on the launch of the 2025 European Semester cycle
Executive Vice-President Mînzatu and Commissioner Dombrovskis have been invited to an Economic Dialogue on the launch of the 2025 European Semester for economic policy coordination, in line with the relevant EU law. This briefing note covers the main elements of the 2025 European Semester Package proposed by the Commission, notably the Macroeconomic Imbalances Procedure, the Joint Employment Report, the Euro Area policy recommendations and on-going work to strengthen the global competitiveness of ...
Implementation of the reformed Stability and Growth Pact
The autumn 2024 (and winter 2025) fiscal surveillance has been marked by the first implementation cycle of the reformed EU economic governance framework. It has included the assessments and the adoption of the first set of national medium-term fiscal-structural plans (see Section 3 and Annex 1 and 2 of this briefing), the assessments of the 2025 Draft Budgetary Plans of euro area Member States (see Section 4), and Council recommendations to bring an end to their excessive deficit situations and ...
How to achieve CMU, after all? An analysis of the recommendations for Capital Markets Union in the Draghi, Letta and Noyer reports
The three reports by Draghi, Letta and Noyer remind policy makers that capital markets channelling savings into investments is key to competitiveness and economic growth. The recommendations of these reports could give new impetus to the long-standing flagship policy of CMU. In this briefing we show how securitisation, supervision, market infrastructure and savings/pensions schemes are identified as priorities in all three reports, however with different conclusions. We also discuss all other CMU ...